Course Details

B0406
Bus.Ops
 
Financial management principles for the new manager
All

Key topics covered:

  • Understanding a profit/loss statement
  • The difference between profit and cash (i.e., non cash items such as depreciation)
  • Effective Budgets – cash and profit forecasting and why the 2 aren’t the same
  • Asset Utilisation – why effective asset usage is necessary/ opportunity cost of idle plant
  • Labour Utilisation – costs of idle labour


Learning Outcomes:

  • To be able to differentiate between accounting profit and cash
  • To understand basic budgeting
  • Identify when plant and labour are not being used effectively
  • Enhance project tenders and understanding of the financial key to a successful civil contracting operation

Who Should Attend
 
Prerequisites
 
Duration
 
Supervisors with 0-7 years experience,including leading hands or engineers.

 
None

 
4 Hours
 

Pricing:

CIM Member Price

$299.00


Affiliate Member Price

$331.00


Non Member Price

$455.00


Currently Scheduled Course Dates

21/07/2021
13:00-17:00
B0406 - 06
Bus.Ops
Live Webinar or ICI Learning Centre
1300 424 287

04/10/2021
13:00-17:00
B0406 - 07
Bus.Ops
Live Webinar or ICI Learning Centre
1300 424 287

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